Nano Dimension Replaces KPMG with PwC Israel After Material Weakness
NNDM sits 37% above its 52-week low of $1.19.
Summary
Nano Dimension dismissed KPMG as auditor and hired PwC Israel, disclosing KPMG's adverse opinion on internal controls due to a material weakness in acquisition accounting.
Key Events · Corporate Governance and Compliance · NNDM
-
Auditor Dismissal and Successor Engagement
KPMG LLP dismissed effective September 28, 2026; PwC Israel engaged as successor auditor beginning with the FY2026 audit and Q3 2026 review.
-
Material Weakness in Internal Controls
KPMG's report on ICFR as of December 31, 2025 contained an adverse opinion due to insufficient accounting resources and ineffective controls over acquisition-related disclosures and valuation of acquired intangible assets.
-
No Disagreements with Prior Auditor
No disagreements or reportable events with KPMG during fiscal 2025 or the interim period through September 28, 2026, other than the material weakness.
-
Governance Context
Follows the August 2026 10-Q disclosure of a $40.4M goodwill impairment and material weakness, and the July 2026 board and CEO overhaul after the Murchinson activist settlement.
Analysis · NNDM · Manufacturing
On September 28, 2026, Nano Dimension dismissed KPMG as its independent auditor and engaged PwC Israel as successor. The filing reveals that KPMG's report on internal control over financial reporting for fiscal 2025 contained an adverse opinion due to a material weakness — the company lacked sufficient accounting resources and expertise, particularly around acquisition-related controls and valuation of acquired intangible assets. This is a significant governance red flag: an auditor change combined with a material weakness often signals deeper financial reporting problems. The company had already disclosed a $40.4M goodwill impairment and material weakness in its August 2026 10-Q, so this filing confirms the control deficiency persisted through the year-end audit. The change comes amid a board and CEO overhaul following the Murchinson activist settlement, adding to the governance turbulence.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NNDM was trading at $1.63 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $341.2M. The 52-week trading range was $1.19 to $2.32. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.